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Building Info
The Royals at 1441 St Georges Avenue, North Vancouver, BC V7L 3J4, Canada. Crossroads are St George Avenue and 15th Street East. This is a new apartment development by Chard Development. The development is scheduled for completion in 2020 which comprise of 256 units and 23 stories. Sophisticated but not pretentious. Refined but not stuffy. Surrounded by urban conveniences, yet minutes from the very best that mother nature has to offer. Professionally managed and pet friendly, The Royals offers studio, one-, two- and three-bedroom homes within two centrally located Central Lonsdale buildings. Ride the high-speed elevator to the penthouse level of Tower 2 and step directly into Club Royals. This 3,300 square foot amenity space includes a fully-equipped gym, a media/games room with a sports lounge vibe, a party room and social lounge and a study room. One level above Club Royals, residents will find a 5,000 square foot rooftop terrace with BBQs, dining and lounge areas with fire pit, a childrens play area and urban gardens, all with 360-degree views. Closest parks include Ray Perrault Park, Victoria Park, Wagg Creek Park, Greenwood Park, St. Andrews Park and Sam Walker Park.
A strong spring start in the GTA: Can the market survive without rate-cut optimism?
According to the latest press release from the Toronto Regional Real Estate Board (TRREB), there’s been a quaint uptick in home sales and listings on both an annual and monthly basis, with selling prices making a shy nod upwards compared to the year prior.
This is ostensibly buoyed by population growth and what’s described as a “resilient” regional economy — phrases that seem to gloss over the ongoing saga of individuals grappling with the reality of higher borrowing costs, a souvenir from the Bank of Canada’s rate hikes.
Big data drives operating efficiencies as properties automate controls
Arthur Erickson Place is echoing the trees through a low carbon footprint that recently saw it designated a Zero Carbon Building by the Canada Green Building Council, which also administers the long-standing LEED (Leadership in Energy and Environmental Design) program.
A three-year decarbonization process that began in 2022 and completes in 2025 will reduce energy use by 40 per cent and cut carbon emissions by 97 per cent, or 600 tonnes annually.
Civil suits filed by B.C. Housing allege 13 of the units at Vivid at the Yates on Johnson Street went to people who already owned property, or who rented out their units instead of living in them.
One of the purchasers of a unit in a downtown building subsidized for first-time homebuyers already owned six single-family homes in the Victoria area worth more than $7 million, says a civil suit filed by B.C. Housing.
It’s one of several lawsuits filed by B.C. Housing against 13 people who bought condos in Vivid at the Yates at 845 Johnson St.
Canadians pause homebuying plans amid rising borrowing costs: Royal LePage
Over the past two years, the rising cost of borrowing has led many Canadians to reconsider their plans to buy a home.
A recent survey by Royal LePage, conducted by Leger, reveals that since the Bank of Canada started increasing its key lending rate in March 2022, 27 per cent of adults in the country have been active in the housing market. However, more than half of them (56 per cent) have had to delay their property search due to the surge in interest rates.
Real Estate Investment Rates: Cap Rate vs. IRR Explained
In the dynamic world of real estate investment, understanding the ebb and flow of interest rates is crucial. These rates, set by central banks and swayed by the broader economic environment, serve as the heartbeat of the market. They dictate not just the cost of borrowing, but also the very attractiveness of real estate as an investment option.
Exploring the real estate world without a keen eye on interest rates is like setting sail without a compass. Whether you’re a seasoned investor or just dipping your toes in the property market, grasping how these rates influence everything from property values to investment returns is key to making informed decisions. Let’s jump into the intricate dance between real estate and interest rates, and uncover how you can leverage this knowledge to your advantage.
Suite Features • Private balcony and/or terrace (as per plan) • In-suite stacking washer and dryer • Wood-look, luxury vinyl plank flooring throughout • Roller blinds on all exterior windows; black-out blinds in all bedrooms • Programmable thermostats • Smartbox for telecommunication wiring
Kitchens • Modern appliance package including: ° Counter depth refrigerator in fingerprintresistant stainless steel with bottom mount freezer and interior LED lighting ° Front control, self-cleaning range with
smooth top
° Over the range microwave/hood fan combo OR hood fan and below counter microwave (as per plan) ° 24” stainless steel dishwasher with fullyintegrated, concealed control panel and stainless steel interior • Solid surface countertops and full-height tile backsplash • Under cabinet LED lighting • Soft-close cabinetry • Chrome gooseneck faucet • Under mount single basin stainless steel sink • Kitchen islands (available in select suites)
Bathrooms • Solid surface countertops and backsplash • Tile shower/tub surround • Curved shower curtain rods and hand-held shower wand • Pot lighting including shower/tub light • Master ensuite showers (available in select suites)
Building Features • Professional, onsite building manager • Pet friendly building, including dog wash station and dog run with compostable bags • Secured below grade parking and electric car charging stations* • FOB-accessed bike lockers and bike repair station with easy ramp access* • Storage/gear rooms* • Secured building with FOB access • Parcel receiving system for convenient package delivery • Move-in staging area, rear elevator access and resident loading bay (Tower 2) • Select accessible suites available in both Towers • 8,000 square feet of enviable amenities within Club Royals on the 23 and 24 floor of Tower 2
• Onsite professionally managed daycare – Royals
tenants receive priority access based on availability * Subject to availability. Additional fees apply
Gym
Fully equipped with state-of-the-art equipment – including free weights, stationary equipment with Peloton bikes, and stretching/yoga area.
Media/Games Room
A sports lounge vibe complete with a large screen projector TV, plush seating, games, bar seating and a wet bar.
Party Room
Entertaining space for your group whether large or small with a fully functioning chef’s kitchen and stunning views.
Social Lounge
A relaxing lounge with soft seating for large or small groups and a built-in gas fireplace plus stunning views of the city, mountains and water.
Study Room
A quiet space for students or working professionals to have some quick focus time.
Signature Rooftop Terrace
5,000 sq ft terrace with 360-degree views offers BBQs, dining and lounge areas, fire pit, children’s play area and gardens.
Guest Suites Two fully-furnished guest suites found on level 2 – ready for visiting friends or family – round out the package of amenities available to residents of The Royals.